hfm

What health systems need to know about partnering to develop an ASC strategy

Health systems must contend with conflicting imperatives. While remaining intensely focused on day-to-day operations and financial viability, they cannot ignore longer-term strategic imperatives, which may include building out a full continuum of care to succeed under value-based payment while maintaining market relevance. Yet many health systems face significant impediments to broadening the continuum of care,…

Daniel M. Grauman, MBA, CPA/ABV June 2, 2024

The key role of downside risk in the success of value-based care

The basic idea behind value-based care (VBC) is simple. By encouraging providers to focus on the value rather than the volume of the services they deliver, it should be possible to achieve the twin goals of lowering healthcare costs and improving clinical outcomes. Given that the United States now spends far more per capita on…

Richard Jackson June 2, 2024

Lessons learned from the Change experience

As is now well known, Change Healthcare, a 2022 acquisition by UnitedHealth Group (UHG), was hacked this past February. For nine days, hackers were able to gain access to and maneuver through Change Healthcare’s files at will before it became clear that the system had been compromised. According to a report from the Congressional Research…

Gail R Wilensky, PhD June 2, 2024

Incoming HFMA Chair Marc Scher encourages healthcare finance professionals to be more innovative and strategic

Marc Scher, HFMA’s incoming National Chair, was touring the Colorado Snowsports Museum when he came across an exhibit dedicated to the 10th Mountain Division of the U.S. Army. The 10th was a strategic innovation for the Army, designed to address emerging wartime risks, and it created a significant competitive advantage for the United States during…

Jeni Williams May 31, 2024

2024 Success Awards recognize outstanding HFMA chapter achievements

Just over 500 chapter and regional volunteers attended HFMA’s 2024 Leadership Training Conference, which took place April 21-23 in Orlando, Fla. Attendees participated in role-specific training sessions, exchanged ideas with colleagues from around the country and developed chapter plans for the upcoming fiscal year. General session speakers included HFMA President and CEO Ann Jordan, National…

Crystal Milazzo May 31, 2024

Ascension selects Saurabh Tripathi as new CFO

Ascension, a nonprofit Catholic health system based in St. Louis, Mo., recently announced that Saurabh Tripathi, MBA, has been tapped as its new CFO. Tripathi brings more than 25 years of executive experience to the position, including time as CFO and treasurer of Highmark Health, where he led growth initiatives and increased access to care.…

Crystal Milazzo May 31, 2024

Decisive action is key to an ‘always forward’ mindset

It was a training camp that even the most elite athletes struggled to endure: Camp Hale, a WWII winter training ground in central Colorado. The valley floor alone sits at an elevation of 9,200 feet, while the elevation of the mountain ridges where the U.S. Army trained skiers in combat reached nearly 13,000 feet. It’s…

Marc B. Scher, FHFMA, CPA May 31, 2024

Jill Geisler: How to give feedback to your boss

It was a wonderful event. The executive who promoted me and other women into management when it was still a rarity (this was the early ‘80s) was receiving an award for his efforts. In his acceptance, he told the audience, “You’re honoring me for being selfish. I want only the best people on my team,…

Jill Geisler May 31, 2024

Maryland’s example is no solution to healthcare’s true crises

In the wake of Medicare’s enactment in 1965, healthcare costs in the United States began rising at double-digit rates annually.a Many policy experts blamed hospital costs, which by 1980 had reached almost 41% of health spending.b It was believed that if you contained hospital costs, overall health spending would come under control. In 1974, the…

Jeff Goldsmith, PhD May 22, 2024

David Johnson: Site-neutral payment and the battle for healthcare’s soul

In  a remarkable and surprising show of bipartisanship, the U.S. House of Representatives passed the Lower Costs, More Transparency Act on Dec. 11, 2023, by an overwhelming 320-71 vote. Avoiding hyperbole, the act lives up to its name. It seeks to equalize Medicare payment for the same drugs administered in the same way, whether in…

David W. Johnson May 22, 2024
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